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The National Pensions Regulatory Authority as part of its mandate to provide appropriate training for trustees in the management of pension schemes has inaugurated the Trustees Training Council (TTC). The council is expected to provide the necessary guidance and standards in the training of the trustees among other service provider in the industry.
Dr. Yaw Baah, a Board Member of NPRA and a Chairman of Board Sub-committee on Education and Research sworn-in the members of the council. He lauded the Authority for putting together a strong team to steer the affairs in training of trustees. He urged them to be firm, fair and transparent in the work as council members.

Chief Executive Officer of the Authority, Mr Kofi Anokye Owusu-Darko in his introductory remarks, said the formation of the council 

 

  • To recommend Standards for the Training of Trustees and other Service Providers.
  • To handle periodic reviews of the Syllabuses for Trustees Training, and also that for other Service Providers’ Training in line with international best practice, and thereafter make appropriate recommendations.
  • To formulate and recommend a comprehensive long-term strategy on Training for Stakeholders in the Pensions Industry.
  • To advise on any other issues incidental to the above.

The Council is chaired by Mr Ben. Asumang, a Board member of NPRA and former Head of Actuarial Department of SSNIT. Other members of the council includes Ernest Amartey-Vondee, Director of Planning, Research, Monitoring & Evaluation of NPRA, Dr. Frank Odoom, former Director General of SSNIT, Dr. Albert Gemegah a Chartered Insurer, Charles Osei-Akoto an Actuary, David Abbey an Investment Consultant, Andrew Agblobi a Financial Economist and Emmanuel Dagbanu, Corporate Affairs Manager at NPRA.

The Syllabus for the Trustees Training covers Background to Pensions, Designing a Pension Scheme, Legal and Regulatory Framework, Running the Pensions Schemes, Trusteeship, Investment Considerations-Fundamentals of Financial and Pension Mathematics, Introduction to Accounting and Current Issues.

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Over the years, concerns have been raised and agitations made by public servants over inadequacies of the level of pensions to sustain a respectable life for retired public servants. Of particular concern to most workers’ groups has been the low pensions received by workers ... | Readmore